Another blow to Angolan businesswoman Isabel dos Santos after French court rejected an appeal by her company Vidatel on Monday.
The company of the eldest daughter of the former president, José Eduardo dos Santos will now have to pay close to $340 million to PT Ventures, which is a former shareholder owned by Angola s oil firm Sonangol.
The court decision relates to the decrease in the value of PTV shares in telecommunications company Unitel. It comes after Santos’ resignation from Unitel’s board of directors in August 2020. Isabel dos Santos position was already restricted by a decision of a British Virgin Islands Court, which limited her rights, and now she has a debt, said jurist Rui Verde.